ESG support falters this proxy season—Pensions & Investments

2023 proxy season has seen some notable trends, including a decline in investor support for ESG related shareholder proposals, and an uptick in investor support in Say on Pay votes. In this article for Pensions & Investments, Farient Partner Marc Hodak weighs in on both these trends, discussing how investors have been more pleased with company alignment of pay with performance, as well as with the direction of corporate ESG initiatives.

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About Marc Hodak

Partner, Farient Advisors, Dallas

New York/Dallas
Mobile: (917) 532-2716
marc.hodak@farient.com

Marc works closely with senior management, boards of directors, and investors, in both public and private companies to develop executive compensation programs that are shareholder-friendly, attractive to management, and responsive to the needs and concerns of boards.

He is a recognized thought leader in incentive plan design. His articles have been published in numerous magazines, including Forbes, NACD Directorship, Directors & Boards, and academic journals. He has been quoted in the national press, including the Wall Street Journal, Bloomberg, and Reuters.

He is a sought-after speaker at forums and conferences throughout the U.S. and Europe on executive compensation, corporate governance, and value management. Marc was named to the 2020 NACD Directorship 100, a list of the most influential people in corporate governance and the boardroom.

For the last 10 years, Marc has taught corporate governance as a professor at New York University’s Stern School and as visiting lecturer at the University of St. Gallen in Switzerland. Before joining Farient Advisors, Marc was the principal at Hodak Value Advisors and led value-based management implementation and related projects at Stern Stewart & Co. He earned his MBA in finance from the University of Pennsylvania Wharton School and a BS in aerospace engineering from the University of Maryland.

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